Is Mead, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mead has remained a Seller's Market.
Housing Prices in Mead, WA
How much do homes in Mead, WA cost?
Median Sold Price
$474,495
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mead was $474,495 in April 2024, down 1.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $130K | -28.6% |
2 Bedrooms | $262.5K | $585K | +122.9% |
3 Bedrooms | $455K | $425.9K | -6.4% |
4 Bedrooms | $510K | $473.9K | -7.1% |
5+ Bedrooms | $620K | $599.9K | -3.2% |
Summary: Mead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 122.9%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $615K | $650K | +5.7% |
Mead | $480K | $474.4K | -1.1% |
Colbert | $614.7K | $589K | -4.2% |
Newman Lake | $499K | $477.5K | -4.3% |
Chattaroy | $645K | $599.9K | -7.0% |
Housing Supply in Mead, WA
How many homes are available in Mead, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Mead real estate market had 23 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Mead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mead in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Mead, WA
How long does it take to sell a home in Mead, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 9 Days | -69.5% |
Summary: Homes in Mead had an average of 9 days on market in Apr 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Mead; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.